Legacy Wealth Asset Management LLC Has $379,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Legacy Wealth Asset Management LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,226 shares of the business services provider’s stock after acquiring an additional 261 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Copart were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Optimum Investment Advisors raised its stake in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank acquired a new position in shares of Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC lifted its holdings in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares during the period. Finally, Versant Capital Management Inc increased its stake in Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT opened at $51.71 on Friday. The firm has a market cap of $49.76 billion, a price-to-earnings ratio of 36.42 and a beta of 1.27. The firm’s 50-day simple moving average is $52.30 and its 200-day simple moving average is $53.12. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.